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Orbán and the IMF Fiasco on Le Monde Front Page print
July 20, 2010

Le Monde reminds the readers that the loan of IMF helped Hungary to avoid a state bankruptcy in the end of 2008. The journalists of Le Monde underline that it is dangerous for the "new team in power, the conservative Fidesz" to try to get rid of the obligations related to the debt. With Mr. Orbán choosing the South African World Cup over receiving the delegation of IMF before, and the current negotiation interrupted before its end in absence of agreement, it seems that Mr. Orbán is sending at least mixed signals towards IMF. IMF did not agree changing the budget deficit goal, and stated that the election promises of Fidesz regarding tax cutting would definitely endanger keeping it below 3 percent.  Le Monde says Orbán is building a "Fidesz State", especially due to the delegation of his own men to key positions like Central Bank President. Le Monde finds this kind of politics unacceptable, especially as Hungary will soon start its EU presidency.

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